(Owais Kayani) Prime Minister Shehbaz Sharif has said that Moody’s giving Caa 2 rating to Pakistan is an international recognition of the correctness of the government’s economic policies. Any kind of slowness is not acceptable, all the ministers and relevant institutions should take steps to speed up the progress on the proposed projects.
According to the details, a review meeting was held under the chairmanship of Prime Minister Shehbaz Sharif on measures regarding the development and investment of the country’s economy. In the meeting, the Prime Minister was informed about the improvement in Pakistan’s rating by the international rating agency Moody’s, the progress on investment agreements with friendly countries in various fields and the ongoing projects. The meeting was also apprised of the progress on the projects under the second phase of the China Pakistan Economic Corridor.
Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Federal Ministers Jan Kamal, Ahad Khan Cheema, Ahsan Iqbal, Muhammad Aurangzeb, Attaullah Tarar, Sardar Owais Leghari, Dr. Mossadegh Malik, Abdul Aleem Khan, Ministers of State Ali Pervez Malik, Shaza Fatima Khawaja, Deputy Chairman Planning Commission Jahanzeb Khan, Prime Minister’s Coordinator Rana Ehsan Afzal and relevant senior officials attended.
Addressing the meeting, Prime Minister Shehbaz Sharif said that with the grace of Allah, the efforts of the economic team are bearing fruit, he sacrificed his politics for the sake of the country in the previous regime, saved the Pakistani economy from default, and after the stabilization of the economy, it is heading towards development. He said that the positive effects of the government’s policy of prioritizing national interests over political expediency are now being seen on the economy. There is international recognition of the correctness of the economic policies, it is hoped that the economy will continue to move forward at the same pace in a positive direction.
Also read: Former MNA of Tehreek-e-Insaaf arrested in Saudi Arabia, the reason has also been revealed
Prime Minister Shehbaz Sharif said that the expression of interest in investing billions of rupees from friendly countries in various sectors of the country is the result of the government’s business and investment-friendly policies. All the ministers and concerned institutions should take steps to speed up the progress on the proposed projects.
He said that Pakistan has vast potential for investment in information technology, agriculture, minerals and precious stones and energy sector. Foreign investment in these sectors will not only increase domestic exports but also create employment opportunities for millions of youth. The Prime Minister directed to give key importance to the element of transparency in all projects and to ensure their implementation on a priority basis.
2024-08-29 06:06:23